leaders met in paris to try to work out a joint platform. francois hollande: we have taken note of the referendum's result and we respect the greeks decision. europe is a democracy and we've heard the message from all of greece is political parties to met today, and who together reaffirmed the desire for their country to his day in the eurozone. the door to discussion is open. it is now up to alexis tsipras's government to come up with proposals to make this a reality. angela merkel: we are saying the door is still open to discussions with greece and that is why the leaders of all eurozone countries are meeting tomorrow. but the preconditions needed for
discussions to take place on a concrete european stability mechanism are not there yet. that means it's important to greek prime minister tells us how to proceed and what precise proposals he can offer us. cyril: let's go to brussels ahead of tomorrow's eurogroup meeting. do you feel things have shifted since the results of the referendum? are countries more in favor of softening their stance, or in favor of tightening the screws? maebh: from where i'm standing commencing the stands has heightened. i'm not seeing any limits the 20 greek government -- seeing any leniency toward the greek government. and the latest proof is their
decision to keep the cap on the emergency liquidity assistance they have been pumping into greek banks. they said on wednesday they will take a for the decision on whether or not to to continue this. and in looking at the press conference earlier from francois hollande and german are chance -- and chancellor merkel, it was brief and repetitive and with a similar message that we've been hearing for the past few months, which is the creditors and the eurozone finance ministers and heads of state are waiting for serious proposals from the greek government. angela merkel has said that the preconditions were certainly -- were currently not on the table. but of course, she's got the backing of some 650 mps. any decision taken has to get the backing of the parliament. they have to get that support from the government's to
negotiate on their behalf. another voice coming from germany today was that of gunter , the former european commissioner. he told the germans to get their act together. he said the german government was currently acting as if they were in in emergency room taking a patient suffering from a heart attack mother telling it to do more sports before it would give them the medicine it deserves. cyril: the eurogroup has failed to reach a deal with aston -- with athens over the past five months and have been trying very hard since alexis tsipras was elected. why will it be any different tomorrow? meabh: that is what i've been hearing from people and speaking to here in brussels. there are a number of factors. one of course, a new confidence for alexis siegrist knowing -- alexis the first knowing that he has the backing of the greek
people. another factor could be that jan a smaller focus -- that v aroufakis resigned. it was a lot of tension between him and other finance ministers. this could perhaps pave the way for cooler air as the meetings take place tomorrow. and the pressure is on the leaders to save the eurozone and make sure that greece does not slip out of this common currency to bring people together and not pull them apart. we also heard words from one of the main architects of the european union calling on the european leaders to do something to save face. cyril: this just in from the dutch prime minister. greece must accept deep reforms
if they want a new bailout packed church -- package. and if greece is not accept -- does not accept tough reforms it is over. this coming from the dutch prime minister. one of the first casualties of the greek referendum was the country's controvert -- controversial finance minister now being replaced. he is said to have a discrete personality, more so than v aroufakis. >> born in the netherlands and educated in britain he enjoyed a successful career as an
academic before entering parliament in 2012. he has more political experience than his predecessor and friend, yanis varoufakis. many within the eurogroup say he is less jarring to deal with than varoufakis. but even he has left on his plate then varoufakis did when he started in january. as it stands, greeks can route draw -- can withdraw just 60 euros per day and what little cash that is left in the country will run out. cyril: the iranian foreign minister is still in talks with six world powers to try to date -- two break a deadlock. the latest issue is over the current embargo on iran. iran wants it lifted, saying it
has nothing to do with its nuclear capacity. there is talk of pushing it back a few days. the white house said about 30 minutes ago that there was a strong possibility that the deadline might slip. >> a final hurdle in iran's nuclear negotiations, a dispute over him -- over united nations sanctions on iran was in danger of stalling talks once again. the iranians say they want the sanctions lifted, but the united states and its allies are reluctant to fulfill such a risky wish. they fear iran is using its nuclear program as a cover to develop atomic weapons something iran vehemently denies. israel's prime minister heralded a breakdown of principles. >> this deal will pave iran's
path to a nuclear isotope -- arsenal and give them hundreds of millions of dollars to fund their aggression and terror throughout the world. >> they are insisting no sensitive work for at least a decade in exchange for major sanctions relief. speaking on the sidelines of the negotiation, china's foreign minister set a deal with looking closer than ever. >> there are still several issues outstanding on the table. we believe that acceptable solutions can be found to these outstanding issues. a comprehensive agreement is within reach. >> with tuesday's deadline inside it is crunch time for iran. cyril: an analyst and professor at the university of tehran is
in vienna following these negotiations. he's woke with our -- he spoke with our reporter and said it is not up to the u.s. >> it is not an issue of the iranians backing down, but an issue of the united states backing down. we have been given sanctions because they thought our work was part of a nuclear program, but in the case of both inspections, the americans found nothing. and they were carrying out intelligence operations to understand iranian defense capabilities. and in more recent years when iran gave information about it scientists to the iaea unfortunately that was leaked to the western intelligence agencies and five iranian
scientists were murdered. they feel a -- an obligation to protect its scientists. i think it would be very silly for the iranians, for the negotiating team not to be adamant about protecting its citizens. cyril: the latest on burundi's medical crisis now. snubbing east african leaders as he continued his electoral campaign, even as regional leaders called for the election to be postponed. the country has been in turmoil since he has decided to run for a third consecutive term, which the constitution says is unconstitutional. over one million faithful have gathered in ecuador to see pope francis. the pontiff is celebrating the
first open air mass of his trip. ecuadorians are attending from across the country, and caribbean and others are attending -- peruvians from across the border are also in attendance. >> after touching down in quito the pontiff was welcomed by a blustery arrival. waiting to agree jim -- to greet him with a welcoming committee of children. the argentine pope was back on his home continent. pope francis: i think god for letting me be here today. i feel happiness and gratitude after seeing this very well -- warm welcome. >> people of quito were hoping to catch a glimpse of the pope. locals began to camp out ahead of mass on monday.
in a nation with a strong catholic population to my thousands are expected to attend. >> for me, the pope embodies humility, simplicity so perfect and unique that we should all be like him will stop -- be like him. >> we want to show our faith and gratitude for the blessings god gives us. >> afterward, the pope will fly to bolivia, south america's poorest country, where he is expected to visit a notorious prison. paraguay is his final stop. he will also meet the heads of state of all three countries in argentina. pope francis will travel 24,000 kilometers in his landmark trip on his home continent. cyril: a series of spikes in japan have made unesco's list of world heritage sites despite
controversy. south korea wanted a public acknowledgment that tens of thousands of south korean and chinese prisoners from world war ii were forced to work infactories and mines to fill labor shortages. and agree to acknowledge that part of its history. a world heritage state was celebrated in both soul and tokyo in the end. --seoul and tokyo in the end. the women's world cup makes history with carli lloyd scoring three in the opening minutes. her hat trick goes down as one of the best in performance of world cup history. >> a moment of success after the pain of four years ago when the u.s. lost on penalties to the japanese. lightning is not about to strike twice. fans watched outside the stadium
in vancouver, bc as carli lloyd hit a stunning 13 minute hat trick. the u.s. thirds to a 4-0 lead with just 16 minutes gone. >> i don't think it has entirely sunk in. like i said, i'm just so proud and that at the same time. --zapped at the thing time. it is a surreal moment. i mean cannot we just rewrote history today and brought this world cup his three -- this world cup trophy home. >> american fan inflicted another defeat on japan, they also built them in the 2012: big finals. -- the 2012 olympic finals. >> it was almost like you had to re-watched what was happening to make sure it was a real goal. >> it was spam, bam, bam.
it was so exciting. >> we want to support these women. they are phenomenal. >> they went to their victories in 19 anyone i-99 as the hero -- and 1999 as the heroes and queens of victory once again. cyril: the ball is in athens court, that is the message from france while on and angela merkel today. francois hollande and angela merkel today. negotiations on an iranian nuclear program hit a few snags with just days to go. a report of stumbling block today, tehran since his that the u.n. embargo be lifted as any -- as part of any final the old. and millions gathered to see the pope in ecuador for the first open air mass of his weeklong
south american to her. children cap been -- pilgrims have been camping outdoors. the pope of the poor, as he is sometimes referred to, is there to visit to acknowledge their needs. we will be looking at greek news from it business perspective. let's look at what is happening with the banks. we learned today that they would stay shut on tuesday and wednesday. >> when alexis tsipras spurs people to vote no, -- urged people to vote no, he said in 48 hours they would have a deal. it does not look like that will happen. banks will now open on the third of july. i don't european central bank said it will continue liquid he assistance to prop up -- for now, european central bank said it will continue liquidity assistance to prop up greek
banks. alexander has more. alexander: a decisive no vote in the referendum has changed nothing. the banks loraine closed until at least -- the banks will remain closed until at least wednesday. the uncertainty is making life difficult for all people here. >> want them to listen to us. they have to get the money open. alexander: greek tanks are running very low on cash. their fate is in the hands of the ecb, which has decided to maintain its emergency aid for now. [applause] but no matter how desperate the situation, a deal between greece and its creditors is no closer. >> if they come up with a deal next 48 hours the banks could be open tomorrow. if they do not, they will be
without money in their machines. alexander: without other agreements, they become dependent on the ecb. if it doesn't pay, the emergency aid could he withdrawn because of the collapse of the bank in athens. many analysts say this could inevitably lead to a greek exit. >> many are saying that this could lead to an in the coming days. otherwise, they need to have some sort of assurances from athens that they could pay back the money. as the report was saying on the 20th of july, greece needs to pay 3.5 billion euros back. economists are saying they need to see a deal happen next few days, otherwise there could be a grexit.if we
>> reached into this week with no deal, then we are looking at grexit much more likely. i think the next two or three days is about right. the financial markets have not reacted so significantly yet. they are surely waiting. if we get to wednesday with no obvious sign of a deal, then the crisis becomes deep indeed. delano: in the aftermath of the grief -- the greek referendum the finance minister has stepped aside. euclid tsakalotos: has replaced in and now we have an idea of who he is. this is the man interested with securing greece's financial future. born in the netherlands and educated in britain, he has enjoyed a successful career before entering greek parliament in 2012.
the country's top negotiator in the stalled imf talks, he has more experience than his predecessor and friend varoufakis. he has deep ties within the party and many say he is less jarring to deal with dan varoufakis. but he has -- than varoufakis. but he has a lot less to deal with than his predecessor. as it stands, greeks can withdraws just 60 euros per day. and soon with little cash is left in the country will run out. if we start out in europe despite some heavy falls in the morning, the cac down about 2%. similar with the friend for dax. the picture was not the same on the bond markets. 10 year bonds spiked by about
2.3%. that suggests that the contagion to other countries is very much there. the nasdaq down about 7/10 of 1% and the dow jones down about half a percent. investors are waiting to see if a deal can be reached, potentially tomorrow. we will get a clear picture when eurozone meters -- leaders meet. for the president of the eurogroup, sunday's referendum doesn't bring a resolution -- a resolution any closer. >> this doesn't bring us any closer to a resolution. it only makes things difficult. we will discuss this in the dutch parliament and tomorrow we will meet at a summit in brussels. we will see we can go through the step-by-step, but it will be a bit more difficult.
grease must take difficult measures otherwise the government won't function and the economy won't work. and if the government and people reject difficult measures, they are going to get into a very difficult situation. delano: after varoufakis quit, a lot of people on twitter have said it's time for the man who hindered prospered -- progress from happening should go. angela merkel has been saying all the while that we need the eurozone finance leaders to first agree on something and then you can have a political decision. greeks tomorrow will come back with proposals. but it is those from the imf and the ecb who have to sit and do
the math to see if the proposals add up or not. cyril: and the one that had that group has come to be the face of european intransigence with the greeks. delano: but will creditors shift their stance? that remains to be seen. all eyes were on greek markets this monday. china to -- china too, and then at the top of their minds. in beijing, markets tumbled after -- over the past three weeks. it said it would provide support to long-term investors. the clients are likely to continue. -- declines are likely to continue. the new york and chicago merc nile exchange are set to go quiet this monday. for decades, traders have pushed
and yelled and used hand gestures to trade. many working in the pit say education and connection accounted for nothing and it was drive and muscle like you ahead. it's a interesting story because it seems like it is survival of the fittest over there. cyril: it was a fun way to watch the market if you are not very numbers oriented. there was a visual part for it. delano: it was loud and crazy and it's the what -- it is what we see in the movies. cyril: if you go to the new york stock exchange, it's